There's a new economy growing on this forum - Merit

[Maestro75]

Haven't we overflogged and clogged this Merit issue? I think we have and therefore we should move over to productive concerns here. Just roll over to the Meta subsection it is filled with threads on merit this and that. This is becoming irritating.

OP's comparison of the merit system is a big miss on the target discourse. It's like comparing oranges and piano. Two totally different entities. Perhaps he did that for title sakes.

[dx_twisted]

I was one step prior to become Sr Member when this merit system was introduced. Hence for me merits have a big value to finally become Sr Member, but I did not search for how to get some thru purchasing. If no one wants to give me a merit, then it be. But there will be surely people misusing this merit system for their advantage.

Brother, we are in the same boat. I was very excited back then when I only needed a few activity points to rank up. Then, the unthinkable happened. I immediately went thru threads or post relating to this "Merit System" and how the process will be. At first, just like the other users, I don't really like what has been implemented since I'm a few inches away from becoming a Sr. Member (adding up an additional requirement is such a pain in the ass  ). As days go by and reading what other members feel regarding this new rule, I have just realized that it will still have a positive effect on me being an active member of this site:

It will be an upgrade in terms of post quality especially those that are in the lower ranks whom previously and frequently spam post. If they don't want to get stuck as a Jr. Member or Member they will work hard to earn these precious merit points. Also, it will definitely reduce the hoarding of accounts.

Yes, there will be flaws in every system and people will find a way on how to abuse it. But, I believe that the moderators of this forum have already action plans before this system is implemented.

[shahani]

Merit systems has good effects and bad effects, merit system is for the good of bitcoin promoter and organizers to minimize poor quality of posting and also minimize bitcoin accounts to be promoted or similarly all accounts of bitcoin will stagnant especially like us, as new member or a newly born fan of bitcoin, and as one of my mentor says, that our chances to be promoted today is only ten percent compare before.

[CHENIEN]

There is no direct connections between merit system and our economy, merit system is only beyond bitcoin management. And when the merit system of bitcoin starts and implemented, I was noticed that there are some selling of bitcoin accounts, especially rank between member and full member, because they explain me to buy accounts it is because there is no chance to be promoted because of the merit system. But I refused to buy bitcoin account because, I was totally afraid the rules that only one account in every person allowed and multiple account is not allowed.

[lablab03]

I though that merit  is  a part of new ranking system to avoid  spammers and non senses post in this forum its a way to decreases those   veteran in this forum WHO's making a multiple account  what economy  I can't see ito

yes that is the purpose of merit here in forum .but some of the users here in forum is bias which is they share merit only if they like the work or performance of users even though the user is high ranked, and some of users here is priotising there alts , that's why don't assume to receive  merit from other users. Even though you have a good quality post.  .'because they have no time to check your post, and in fact there's no chance for us to rank up .
 

[Hell-raiser]

I love this new merit system. And I see its use beginning to form a new type of economy here, anyone else see it?

I'm not talking about selling merit. There's been a lot of talk about such but I don't think many transactions are occurring. What is happening is that as everyone spends their merit there becomes significantly fewer people that have any to spend. So the sources become fewer and more centralized and the competition to get merit increases.

Feels like an economy on the verge of recession. Fortunately, merit isn't worth much!

Well, if you say that this economy feels like it is on the verge of recession (or should it rather be collapse?), how can you say that it is in fact growing? Besides, I don't see how it contributes to more competition in any constructive way. As far as I can see, most merits are given in Meta for posts and threads about the Merit system itself, lol. You can see many insightful posts in Economics which don't get any merit at all. To sum it up, I don't think that this system is economically viable and healthy, though it is still kinda required to keep the amount of shit contained.

[blackmagical]

I love this new merit system. And I see its use beginning to form a new type of economy here, anyone else see it?

I'm not talking about selling merit. There's been a lot of talk about such but I don't think many transactions are occurring. What is happening is that as everyone spends their merit there becomes significantly fewer people that have any to spend. So the sources become fewer and more centralized and the competition to get merit increases.

Feels like an economy on the verge of recession. Fortunately, merit isn't worth much!

Because you are in Hero ranks, you don't need much merit unless you want to be a legendary.
In my opinion, this merit system cause much harder for newbie and Jr. to ranked up.

[CaptainLorca]

I love this new merit system. And I see its use beginning to form a new type of economy here, anyone else see it?

I'm not talking about selling merit. There's been a lot of talk about such but I don't think many transactions are occurring. What is happening is that as everyone spends their merit there becomes significantly fewer people that have any to spend. So the sources become fewer and more centralized and the competition to get merit increases.

Feels like an economy on the verge of recession. Fortunately, merit isn't worth much!

I wouldn't see it as a "currency" to be honest. For me its like... being not that big active here.. more reading, impossible to get and without Merit your are exactly what your meritnumber says: nothing.

So I stick with this Jr. Member stuff until someone likes my content and gift me with it. Right now I do not see exactly if the merit-system will work out, but time will tell I think.

[v0rtecxz]

I think this system can reduce the number of spammers, and so someone tries as much as possible so that they can improve their rank, by making quality posts, so they get merit from every post he makes and get the value based on the knowledge he has by providing the best solution for its input on some threads associated with bitcoin or other questions, but on the other hand there may be some people who abused this system, surely you yourself know what I mean.

[orions.belt19]

There is no direct connections between merit system and our economy, merit system is only beyond bitcoin management. And when the merit system of bitcoin starts and implemented, I was noticed that there are some selling of bitcoin accounts, especially rank between member and full member, because they explain me to buy accounts it is because there is no chance to be promoted because of the merit system. But I refused to buy bitcoin account because, I was totally afraid the rules that only one account in every person allowed and multiple account is not allowed.

I have the same thoughts. Although the implementation of merits is an addition to the forum, it has not developed a new economy. A lot has already expressed their concerns towards the merit system and we are yet to see the effect of it and whether it is going to be beneficial for the forum. By saying that it has created a new economy, it would mean that there is some management of the "resources", and there has been production and consumption of it; which cannot be related with the merit system. It may have brought about new behaviours - people trying to fish for merits, merit farming and the like but not an economy.

[hase0278]

Yes, there will be flaws in every system and people will find a way on how to abuse it. But, I believe that the moderators of this forum have already action plans before this system is implemented.

There are already actions on the move to prevent those kinds of people to abuse the merit system. We can see in meta section that there are those threads where users report abusers. When a default trust member sees that topic and has proven that the accused is really abusing the merit system, they will get a red trust from them. I think it is enough action in order to punish them.

[Emin90]

Merit merit system will become better. And it's good that ocheg community members reported on abuses committed with merit.I really like that decreases the amount of spam and everybody wants to write a quality post.

[matuson]

Users are not encouraged to give a stamp of merit. This will lead to the fact that any quality of posts does not guarantee an increase in the rank of the account. The trust system will not protect the forum from spam. This can only be done by company managers who will not accept spammers.

[pogiparin]

I don't really know how merits are distributed. If there is a selected group of people that has the power to incentivize people, then it is an economy. I hope that this power would not be used as a means to profit.

[Royal Script]

I love this new merit system. And I see its use beginning to form a new type of economy here, anyone else see it?

I'm not talking about selling merit. There's been a lot of talk about such but I don't think many transactions are occurring. What is happening is that as everyone spends their merit there becomes significantly fewer people that have any to spend. So the sources become fewer and more centralized and the competition to get merit increases.

Feels like an economy on the verge of recession. Fortunately, merit isn't worth much!

It's really tough to have this system and much even tougher for BCT member like us who have low ranks. It's really hard to rank up and i just admit the fact that i am too late to know about this forum.

[Aryanto28]

actually I have not really understood with this merit feature but I try to learn and mengabil conclusion of what I can get and I think merit almost equal to post quality appreciation system that can be given by others who know your posts good and quality. which I do not understand what will be obtained if our post get merit from others ..?

[Tenderino]

How much merits are worth depends on your personal situation. I was one step prior to Sr Member when the merit system was introduced. Previously, you automatically reached Sr Member when you passed 240 activity points. Now I have 266 activity points and am still Full Member instead.

Need to read about this new merit system to better understand it. Even do not know how much merits I need to receive the next member level?

[Ulan01]

I love this new merit system. And I see its use beginning to form a new type of economy here, anyone else see it?

I'm not talking about selling merit. There's been a lot of talk about such but I don't think many transactions are occurring. What is happening is that as everyone spends their merit there becomes significantly fewer people that have any to spend. So the sources become fewer and more centralized and the competition to get merit increases.

Feels like an economy on the verge of recession. Fortunately, merit isn't worth much!

It's good, this merit system to become a member of this forum is motivated to make useful posts and quality. It's just that the system seems to hold the position, because sometimes posts benefit us, but not in accordance with the others. because everyone has their own opinion.

[fileo]

What is the relation of merit to economy? Economy is a term of country business area that help everyone to produce wealth, to offer services and pay by money, teachers wages, the income of the household, products and goods, the import and export of some items, that can be summarized to economy. Economy is all about capacity to produce wealth. Merit is far from economy. I can't sense any relation with economy/merit. Maybe, unless if merit sell by one it can be an economy for own interest but it is forbidden.

[hasmukh_rawal]

There are numerous people here on the forum who make shitty posts in signature campaigns and bounty campaigns just to earn some crypto. Lately, the forum was filled with a good number of shit posts which annoyed many people and this is why the merit system was introduced. I can notice the difference as well since the number of people in the campaigns are getting decreased. Although there are people trading merit, it wont take longer to eliminate such users and I am sure the forum will then be cleansed.